[Download] "Smith V. Dearborn Financial Services Inc." by United States Court Of Appeals For The Sixth Circuit * Book PDF Kindle ePub Free

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eBook details

Title: Smith V. Dearborn Financial Services Inc.
Author : United States Court Of Appeals For The Sixth Circuit
Release Date : January 07, 1993
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 68 KB

Description

MILBURN, Circuit Judge. Plaintiff Clifton Smith appeals the district court's order finding that the Federal Credit Union Act ("FCUA"), 12 U.S.C. §§ 1751-1795, provides no private cause of action and dismissing plaintiff's federal claims for lack of subject matter jurisdiction under Federal Rule of Civil Procedure 12(b)(1). On appeal, the sole issue is whether the district court erred in holding that no private right of action exists for the enforcement of the FCUA, under either the statute or the applicable regulations, 12 C.F.R. § 721.2. For the reasons that follow, we affirm.